BIT10.TOP
Our flagship fund is BIT10.TOP and makes investing in the top 10 crypto tokens (excluding stablecoins) the simplest it has ever been.
For those users coming from traditional finance, think of it like buying the S&P500 but instead of 500 companies you’re getting the biggest crypto tokens all in one token.
Every single BIT10.TOP token is backed up by collateral which is the native crypto currency of the top 10 cryptos at that time and BIT10.TOP is auto-rebalanced, fully decentralized and designed to simplify buying crypto.
A couple key points that BIT10.TOP does which supercharges your portfolio.
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10 tokens into 1 token = Diversification.
BIT10.TOP gives you instant exposure to the top 10 crypto tokens by market capitalization, excluding stablecoins. There is no need to stress if 1 token is doing good or not, investing into 10 tokens gives you diversification which spreads the risk and keeps things stable.
The price of our index fund and the weights has a specific section here in Part 4.
But the TLDR on this is they are both market cap weighted just like the regular S&P500.
Note: In the beginning, BIT10 did equal weighting in its index funds but this has now been changed completely as the data suggests doing it by market cap gives a better indication of how the crypto market is doing but more importantly it allows the users to achieve amazing gains over the long run which beats Bitcoin, S&P500 and Gold.
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10 tokens into 1 token = 1 Fee.
Buying 10 different tokens individually means 10 different fees that the users have to pay, this is expensive and time consuming, but let’s not forget if the users are dollar cost averaging, that means they are paying even more fees. BIT10.TOP solves this problem by bundling the entire thing into 1 purchase and all into 1 fee and plus if the users are dollar cost averaging there is still only 1 fee they have to pay instead of 10 separate ones. This was always the biggest issue that the founders of BIT10 were facing every day when buying crypto tokens, and BIT10.TOP has solved this problem.
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Auto-rebalancing
When you look at the graph of the S&P500 over time(10+ years) it seems to always go up and yes American stocks have been doing really well for the last 100 years but the main reason why the S&P500 works is because of it’s rebalancing mechanism. Every quarter, companies that meet the criteria get added into the S&P500 and other companies get taken out which it’s always the top 500 US public companies in the S&P500, this means that companies that are performing well are coming into the fund and initially taking a small weight in the index fund but as they grow their weight increases.
A great example is NVIDIA, 10 years ago they were not in the S&P500(Added in 2017) but as of today it has the highest market capitalization and the highest weight in the most traded index fund in the world. Compare that with KODAK which in the 1990’s was one of the biggest companies in the world but they didn't embrace digital technologies and ultimately was removed of the S&P500 in 2004.
BIT10.TOP does something similar except our auto-rebalancing is done every week and we adjust the collateral to meet the weights at the same time as the rebalancing.
The full details are available on this page where you can see the all the previous rebalancing to get a better idea.
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Tracking your portfolio
BIT10 is built with transparency, everything is on-chain and can be double checked with all our users whenever they want. This includes your portfolio and all the possible returns from BIT10.TOP especially with the rebalancing data and historical data which goes all the way back 10 years so you can full proof for yourself.
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Long term plays
BIT10’s founders focused on one thing and that is we’re here for the long term. The crypto community has a lot of degen traders who buy and sell crypto very quickly to make a profit and that is fine, but ultimately that isn’t sustainable which is clear in traditional finance with the example we saw earlier with hedge funds. We believe that index funds are the future of crypto as WEB3 gets more prominent and we at BIT10 want to be the first to do it properly.
Come join us for the ride of a lifetime.
BIT10.TOP is our flagship product and we anticipate most users will buy this token more than any others we produce. It’s build on Internet Computer’s layer zero infrastructure which is how we do our auto-rebalancing. Right now BIT10.TOP is available for purchase on Testnet for everyone and is also available on Mainnet to a small group of users which can include you as well but please contact the team and they’ll interview you and give your wallet access to BIT10.TOP on Mainnet.
To summarize, we started BIT10 because we love index funds like the S&P500 and we wanted to emulate that for crypto so we made BIT10.TOP which is a market cap weighted index fund that brings the best of crypto to your wallet. It’s diversified, cost-effective and fully decentralized. BIT10.TOP makes investing into crypto easy, efficient and exciting.
Please check out the BIT10.TOP here with the investment calculator.